The global endodontic devices market is expected to expand at a CAGR of 5% from 2020 to 2030. The burden of dental diseases is increasing at a rapid pace, owing to an increase in the number of people suffering from dental problems and failure to maintain proper dental hygiene. Moreover, an increase in the number of root canal treatment procedures is a major factor propelling the growth of the endodontic devices market. Furthermore, increasing prevalence of dental diseases such as caries, pulpitis, and periapicus cysts, and introduction to various new technologies, will further lead to expansion of the endodontic devices market size over the coming years.
Endodontic Devices Market Trends
Increasing Prevalence of Dental Diseases: Rising prevalence of dental diseases has resulted an increase in the number of root canal procedures. According to the World Health organization (WHO), there is high prevalence of dental diseases across European countries. The main conditions affecting dental health are caries, dental (acid) erosion, and periodontal diseases. Moreover, According to OECD analysis, the treatment of oral diseases, including dental caries, is responsible for 5% of total health expenditure of developed countries. Thus for diagnosis and treatment, doctors prefer endodontic devices. This boosts the demand for endodontic devices and propels the growth of the market.
Product Launches and New Product Development: Incorporating innovative strategies and launching new product lines are the key strategies being adopted by manufacturers in the endodontic devices market. Continuous product development with enhanced benefits and safety to increase the customer base is the strategic focus of key players. In September 2019, Kerr Endodontics launched a new, cordless elements™ IC Obturation System. In March 2019, VDW launched a new smart apex locator VDW.Connect for the treatment of root canals. In 2017, FKG Dentaire launched the XP-endo Shaper Plus sequence to solve the problem of root canal treatments for dentists.
Regional Outlook of Endodontic Devices Market
North America Currently holds more than 35% of the global endodontic devices market share. High prevalence of dental diseases such as caries and periodontal diseases has increased the demand for endodontic devices in the region. However, East Asia and South Asia will experience significant growth over the forecast period, owing to factors such as increasing burden of dental problems and a large population base. Improving healthcare facilities, increased R&D investments and government initiatives are expected to further support the growth of the endodontic devices market in these regions.
COVID-19 Impact on Endodontic Devices Market
The global outbreak of COVID-19 has led to lockdowns and restrictions in the first half of the year 2020. All industries are facing heavy disruptions, which is also having an unusual impact on the endodontic devices market. The pandemic has created a short-term decline in the manufacturing and sales of endodontic devices such as apex locators, endodontic handpieces, endodontic motors, endodontic scalers, endodontic lasers, root canal devices, etc. Also, visits to dentists have declined a great deal at present. As a result, growth of the endodontic devices market has been adversely affected in 2020.
An extensive analysis of the endodontic devices market has brought our analysts to a conclusion that, the market is growing at a significant pace. Currently, endodontic instruments is the target segment for major players, and hence, this segment dominates the global endodontic devices market by product in term of market growth. Moreover, apex locators under the endodontic instruments segment accounts for the largest market share. Europe and North America collectively hold more than 70% of revenue share, due to the high adoption of dental procedures in these regions. Emerging countries such as Brazil, China, and India are expected to offer lucrative opportunities for players in the endodontic devices market, owing to increasing awareness among the population regarding dental services and dental care, and initiatives by local governments for research & development in the endodontics field.
Endodontic Devices Market - Scope of the Report
The latest publication by Persistence Market Research (PMR) on the global endodontic devices market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the global endodontic devices market. The study offers detailed insights on key market dynamics, which includes the drivers, restraints, trends, and opportunities in the endodontic devices market. The principal aim of the market study is to present exclusive information about how the market will perform during the forecast period of 2020-2030.
Important indicators for the successful growth of the endodontic devices market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market and compounded annual growth rate (CAGR). This research study can support readers to know the demand for endodontic devices and quantitative development opportunities during the study period.
The research is beneficial for shareholders in the endodontic devices market, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the endodontic devices market. The insights and wisdom presented in this PMR study can be leveraged by shareholders in the endodontic devices market, industry experts, investors, researchers, and reporters, as well as endodontic devices business enthusiasts.
Market statistics as well as information linked to the macro- as well as micro-economic variables affecting the business scenario in the endodontic devices market are also included in the current study. Depending on potential developments in the endodontic devices market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this report, minor companies and new entrants in the endodontic devices industry can make suitable company choices to achieve traction in the market.
Key Segments of Endodontic Devices Market
PMR’s study on the endodontic devices market offers information divided into 3 important segments— product, end user, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Key Questions Answered in PMR’s Endodontic Devices Market Report
Endodontic Devices Market: Research Methodology
In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the endodontic devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the endodontic devices market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the endodontic devices market, and makes PMR’s projections on the growth prospects of the endodontic devices market more accurate and reliable.